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20121225
20121225
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Search Results 0 to 18 of about 19 (some duplicates have been removed)
days, but all the talk about the fiscal cliff is keeping the mood on wall street down. blue chips trading a bit lower and a mixed session with retailers. it looks like the christmas shopping season was not that stellar, at least for the traditional retailers. the fiscal cliff is the big topic and traders are hoping we resolve that in the next few days. >> after his singsong of waiting until the sun shines. christmas eve and the dow slipping just a little bit down. in the currency market, the euro against the dollar, $1.3187. final day of the festive shopping season, the biggest moneymaker for plenty of retailers, so how did this year's sales measure up? >> it will take time for the numbers to be processed, but most think it was better than average. >> germans use the remaining hours before the shops close to snap up last-minute gifts. the big department stores in frankfurt were chock full of customers. >> my personal budget for gifts this year was nearly 1000 bureau. my presence included electronic gear, hiking boots, and clothing. >> i did400-500 euro. a few things for the kids,
the fiscal cliff to break them down how much l it will cost you if a deal is not reached in a week. >> both firemen are shot. >> firefighters are ambushed in new york that leads crews in the line of gunfire. local firefighters show their solidarity. stay with us >> dan: investigators are still trying to figure out why a gunman shot four firefighters as they arrived at an early morning house fire. sergio quintana has details on this shooting. we ree action from local firefighters who are obviously stunned. >> reporter: investigators in new york are trying to hammer out the details but the shooter may have sparked the house fire and waited for firefighters to arrive and then started shooting >> what should have been a radio call to coordinate an early morning fire fight is a call for help. four firefighters were targeted by a shooter. two were killed. gunman may have set the fire to lure emergency crews there. >> it does appear that it was a trap that was set for responding for first responders. >> they identified the shooter as 63-year-old william spangler. the guns were illegally acquired b
. s&p down three. >>> what might happen next year if congress doesn't avoid the fiscal cliff. a person earning 50-$75,000 a year would see a hike of $2,400. >>> gas prices in the bay area and around california are still dropping. that is according to aaa. the trend will continue into the new year. the average price of a gallon is $3.60-in san francisco. san jose $3.49. oakland $3.48. california is reflecting a national trend as demand is low and supplies are high. >>> back to the developing news we showed you earlier. an apparent head on collision had forced police to shut down highway 84. that has now been reopened but as a result of that closure you can see the traffic backup. this is highway 84 in the livermore area. westbound lanes, severe back up. no word about the injuries, what the conditions are of the people involved in the accident but we are continuing to work the phones and get more details. you can see from our picture here, the incredible traffic back up. if you are planning to be around that area, you might try to take another route. >>> move on to weather now. after yes
: president obama is vacationing in hawaii and while the clock particulars down own a fiscal cliff what is he doing to keep us from going offer the cliff. a live report from honolulu. kelly: every wonder how santa makes it around the world in just one night. it's a mystery. the good folks at norad have the answer. >> i think there is a question of how santa can do this all in one night. that's kind of a tricky question. it's a good thing i read the back. [ male announcer ] this is sheldo whose long day setting up the news starts with arthritis pain and a choice. take tylenol or take aleve, the #1 recommended pain reliever by orthopedic doctors. just two aleve can keep pain away all day. back to the news. campbell's has 24 new soups that will make it drop over, and over again. ♪ from jammin' jerk chicken, to creamy gouda bisque. see what's new from campbell's. it's amazing what soup can do. kelly: from economic worries to mass shootings to unrest in the middle east 2012 was indeed a very big year full of some big news stories. the story that dominated the headlines the most was the bit early
us running down the road so we accept whatever obama wants otherwise we failed the fiscal cliff how can you be a patriotism if you don't what the fiscal cliff requires and they will tell us much like the land of oz. there will be the person hiding the behind the machine that say raise taxes now. and if you don't raise taxes now you violated the fiscal cliff. do you want to be the person who stands up and destroying america? do you want to go on one of the national networking and explain your reactionary and out of touch with life you don't care that america is going to die late on thursday? [laughter] it's all right if that's kind of person you are. we're never going schedule you. you will be never on television. you are clearly weird. [laughter] let me start with the idea and say there is no fiscal cliff. we had a bad election. we did a number of stupid things. we faced an opponent smarter than we were. ronald reagan when he was most important single statement is february 1975 in washington at the conservative political action committee meeting. now i was part of this. i ran in '74
, and the investors and traders working on this half- day were playing it safe, especially with the fiscal cliff talks on holiday break as well. when the closing bell rang at 1:00 eastern time, the dow was down 51 points, the nasdaq lost eight, and the s&p was off 3 points. so while wall street worked half a day, washington was on vacation. lawmakers are increasingly pessimistic about a big agreement-- or any agreement-- being reached before the year ends. darren gersh has the latest. >> reporter: 'twas the night before christmas, and all through the house, nothing much was going on. it was the same story in the senate. washington's cliff talks still remain deadlocked. congress will return on thursday, and it's still possible a few days of holiday cheer and constituent outrage may push republicans and democrats to craft a last-minute agreement to avoid the worst of the fiscal cliff. if we do go over the cliff, the i.r.s. has warned most taxpayers may not be able to file their returns until late march. that would mean long delays for many tax refunds. and economists warn the economic effects will be fe
on this fiscal cliff there are to try and avoid the deadline that's coming up. on thursday when the senate comes back into session most of the house of representatives will also be back and the president is going to work if hawaii to try and get -- from hawaii to try and get everybody to work together but at this point it seems like the deadline is just looming. >> we've been talking about this for a good month plus now. is it too late? they have so little time. can they get something together and actually save this before -- before new year's? >> reporter: well, frank as you've seen, in washington the 11th hour deal comes out all the time. in past years senator mitch mcconnell stepped in and been able to negotiate a compromise. this time through twitter he's telling folks that he is not going to step in. he says that the president needs the lead. now our sources saying that senate majority leader harry reid is working on his own plan. it's a smaller package that he's working on. that package would avoid middle class tax hikes that would happen if this fiscal cliff deadline comes. his package al
in five months because of the looming fiscal cliff. consumer spending bounced back after dipping in october. >> overall sales will be up 5-6%. >> but at the same tie he said shoppers are holding back and the businesses are holding back on filling positions, because the economic climate for 2013 is uncertain. doug? >> can't get out of neutral. >> can't get out of neutral. >> we'll have more on this with the panel. washington did not get a fiscal cliff deal for christmas so that means president obama and lawmakers will need to kick it to overdrive to get something done by new year's. this is easier said than done. >> after weeks of bitterness, this is not a contest of the parties between who looks good and who doesn't. >> the only thing both sides agree on now is christmas may provide a cooling off period. >> ebb can drink eggnog. have christmas cookies. sing christmas carols. enjoy company of loved ones. >> hope springers eternal. >> when the christmas trees come down tomorrow from waikiki beach and elsewhere, the nation will be staring at the cliff that economists warned could sp
for the jefes. >> glor: john blackstone, thank rou. john mentioned the fiscal cliff. tinight we've learned democrats emocraw moving ahead on their hei plan to avoid it now that talks have broken down with john boehner. white house and congressional leaders have until january 1 to lork out a budget deal. resident obama is in hawaii on udget dn. nancy cordes is there as well. nancy, good evening. nancy, goor: jeff, this would : sentially be a last-ditch effort to avert the fiscal ially be sources tell us that aides to the president have been in talks preliminary talks, with aides to senate majority leader harry elf who himself was here in hawaii this weekend for the funeral of senator daniel inouye. eid is now working, we're told, on a smaller package than the comprehensive deal than the president was working on with speaker boehner. than tmall package would prevent tax rates from rising for middle-class, perhaps cut some spending and tie up a few other loose ends. so far, though, senator reid has so fbeen in touch with republicans over this plan. blicans ovent and the first lady as you men
in a shortened christmas eve trading day. the nasdaq dropped eight. concern about the fiscal cliff. the dow lost 52-points in a shortened christmas eve session. the nasdaq dropped eight. and the s-and-p was down 3 shoppers who have waited christmas are being rewarded with big bargains and lighter crowds. analysts expect a little up-tick in shopping from last year. some mall operators are reporting a "very strong weekend." but they also say spending less than they did we've talked about the could also be a 'dairy cliff.' beginning next year, you could pay as much as seven dollars for a gallonthat's if congress doesn't step in to deal with some expiring protections for farmers. one of them is the dairy subsidy, which ends january first. if congress doesn't act before then, the u-s would revert back to a 63-year-old dairy policy that would force the government to buy milk at inflated prices, driving up the cost for everyone. sleep train thanks all those who helped make a difference last year for thousands of california foster kids. thank you for helping foster kids. thank you for the school supplie
will be better than years past. the fiscal cliff crisis and other factors kept spending down. retailers are expected to slash prices starting tomorrow to get items off the store shelves. ainsley? ainsley: thank you, clayton. he has performed on all five continents for presidents and foreign dignitaries. the only person to graduate from the julliard school of music with a double major in piano and organ. randall atcheson joins us with a holiday medley from his christmas album. ♪ . ♪ . ♪ ♪ ♪ ♪ ...so as you can see, geico's customer satisfaction is at 97%. mmmm tasty. and cut! very good. people are always asking me how we make these geico adverts. so we're taking you behind the scenes. this coffee cup, for example, is computer animated. it's not real. geico's customer satisfaction is quite real though. this computer-animated coffee tastes dreadful. geico. 15 minutes could save you 15 % or more on car insurance. someone get me a latte will ya, please? [ buzzing ] bye dad. drive safe. k. love you. [ chirping, buzzing continues ] [ horn honks ] [ buzzing continues ] [ male announc
. we are bracing ourselves to go off the fiscal cliff. plus, the fda gives green light to genetically modified fish that could soon be in your local grocery store. you will have no idea that you are even buying one. we will explain that. more "money" coming up. ♪ melissa: bin image wage hikes starting january 1. trying to push through increases in the new year. some say they can have a downside for already struggling local economies. joining me is jonathan hoenig. >> merry christmas. melissa: you sort of gift wrap yourself. are you wearing clothes underneath their? back. >> it does hurt the economy. it is based on supply and demand. melissa: everything you are saying makes so much sense. it is really hard to take what you are saying serious. did you catch a cab? [ laughter ] let's try to talk about this anyway. some people make the argument that if you pay workers more, they will spend more and that will fuel the economy. do you buy that back that is essentially cash for clunkers. it is that failed notion that if you give people more money to spend, that will create more. we need mo
- in part because of the concern about the fiscal cliff. the dow lost 52-points in a shortened holiday session. the nasdaq dropped eight. and the s-and-p was down 3 points. (male announcer): now, here's stanley roberts who found people behaving badly. >> police: ok when its clean we are going to make a right and at the next light we are going to turn right as well. >> every major holiday the california highway patrol puts out a all hands on deck call, it's called maximium enforcement. >> police: at the next driveway we are going to turn right. >> this means there is a maximium amount of officers on the road liiking for violators like this driver who well lets listen to officer wilson >> police: the reason why i stopped you because you weren't weating your seatbelt >> the driver claimed she forgot, for the record i forgot is not really a good excuse . sooooooo >> police: you got cited today for driving with out your seatbelt on go ahead and sign in the red box . it is not as an admission of guilt but it is an acknowledgement your point to take care of this. >> this driver was observed d
bit. this simply says now it's around $74,500. if -- it will go down to about $45,000 if the fiscal cliff goes off and nothing is done to adjust it. individuals now getting $45,000 back in '82 when first enarngted which is a lot different than $45,000 today. so if individuals earning $45,000 today might be impacted by additional taxes by this amt if something's not done. and, again, this is just a way to try to -- the problem with the amt is it wasn't adjusted for inflation so as time went on and prices have gone up and people have made more money and inflation has gone into place, things have not adjusted for the what the amt is now currently so this is going to be a big piece and those in the finance world are looking at making sure that this thing doesn't come into play. come 2014, people will have a big surprise if they file their taxes and this amt is not adjusted. >> ryan, look into the future which is ten days. do you think a deal will be done? >> what we're going to have, we're going to have a short-term deal. bottom line is if these spending cuts are way too extensive. the
it to us. live from honolulu. washington is not the only one thinking about the fiscal cliff. it turns out that the concerns about it or affecting how much people are spending this holiday season. analysts saying overall sales are down from last year. it's not just the economy though. they say people just don't feel like spending as much. many still feeling the wake of super storm sandy. also those recent shootings in colorado and connecticut. because of the low sales predictions. retailers are banking on last-minute shoppers to boost their bottom lines but experts say they could be disappointed. fox business network's adam shapiro has that news. adam? >> so the holiday shopping season, when you crunch the numbers, may not prove to be as merry as some people had hoped for. first the good news, national retail federation saying they are still on track for growth of 4.1% over the last we have 586 billion-dollar holiday shopping season. according to the nrf. we won't get the final numbers until after the holidays have played out. already though, shopper track is indicating it's not going to b
death of whitney houston of course a tragedy. the struggle to avoid the fiscal cliff. and a luxury ship, cruise ship on its side in the water. well, now think about the advances made in science. some of them dazzle the eye. john zarrella counts down the top ten. >> reporter: at number ten a revolutionary camera called litro. >> it is such a powerful technology breakthrough that this will forever change how we all take inexperienced pictures. >> reporter: the camera captures the entire light field allowing the picture's focus and perspective to be changed after it's been taken. number nine, nasa's dawn spacecraft sent back staggering data about an asteroid 325 miles in diameter called vesta. it appears vesta went through some stages of planetary evolution. it's one of a kind in the solar system. >> what's clear to us is that vesta appears to be the only intact proto planet that's left. >> reporter: number eight. you may have heard the term god particle. scientists call it higsbosin. the european nuclear research corporation claims to have found it. why is it a big deal? think big bang th
may be teetering right off the fiscal cliff. merry christmas. we're now just seven days away from tax hikes for pretty much all americans. spending cuts that could break millions of families' budgets, and it could launch the economy back into a recession. president obama spent christmas eve playing golf with friends in hawaii, and right now the senate looks like the last hope for neglect getting past the fiscal krif. want to go to the white house correspondent briana keilar who is traveling with the first family in honolulu. any discusses at all that you're hearing from from sources in either party right now? >> reporter: some discussions, but they are not really surprising ones, dana right now we understand that the white house is talking with senate democrats, and this is exactly what you would expect ahead of the senate reconvening on the 27th when it's really up to senate majority leader harry reid to try to figure out some sort of measure that can get some republican support in the senate and some republican support in the house in the hopes of averting the fiscal cliff. this is
the fiscal cliff. host: how you pick political heroes? caller: this is a republic and want to see going back to what it was. people are getting knocked off of unemployment in states because their rates went down. we go off this cliff, anybody on extended unemployment will not get a check in january. host: this is gary who chooses ben bernanke. beverly is next from vermont. caller: hello/ ? my choice is the teachers of america. i cannot believe that people did not speak up more for the teachers. they do they hurled job practically every day. host: why are they political heroes? caller: who do you think is going to run the country in the future? this is something that people do not understand. our future is our children. nobody seems to care. my choice is the teachers in america. the teachers that were killed the other day, they are true heroes. i cannot believe some of the idiots that you're putting on as heroes. host: jim is from virginia. caller: hi. .ost: you are on, sir caller: the hero i have is paul ryan. he is very intellectual when it comes to finances. the hero for 2012. host: could
Search Results 0 to 18 of about 19 (some duplicates have been removed)